Everest kanto cylinder Limited has announced a key addition to its senior management team with the appointment of Mr. Amitkumar C. Choksi as Head HR, effective March 26, 2026. The high-pressure seamless gas cylinder manufacturer disclosed this appointment under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details

The company has structured Mr. Choksi's appointment as a full-time employment position, with him being based at the Ratadiya, Gujarat unit of the company. This strategic placement aligns with the company's operational focus in Gujarat.

Professional Background

Mr. Amitkumar C. Choksi brings substantial academic credentials and professional experience to his new role. He holds dual degrees as a commerce and law graduate from Gujarat University, complemented by a Masters in Social Work from Sardar Patel University, V. V. Nagar.

Experience and Expertise

Choksi's professional journey spans over 25 years in human resources, with specialized expertise in several key areas:

• Talent Management
• Employee Experience
• Performance Management
• Skill Gap Analysis
• Skill Mapping

Career Trajectory

Throughout his career, Mr. Choksi has held various positions across prominent organizations, demonstrating his versatility and expertise in human resources management. His professional experience includes tenures with:

In his most recent assignment, he served as Head HR & IR at R. N. Laboratories, where he gained valuable experience in both human resources and industrial relations.

Regulatory Compliance

The appointment has been communicated to both BSE Limited and National Stock Exchange of India Limited as required under SEBI regulations. The company has also made this information available on its official website at www.everestkanto.com , ensuring transparency and compliance with disclosure requirements.

This strategic appointment reinforces Everest Kanto Cylinder Limited's commitment to strengthening its leadership team as the company continues its operations in manufacturing high-pressure seamless gas cylinders.

Everest Kanto Cylinder Limited delivered exceptional financial performance in Q3 FY26, demonstrating significant improvement across key metrics driven by enhanced product mix and operational excellence. The company's earnings conference call held on February 17, 2026, revealed strong momentum in profitability and strategic positioning.

Financial Performance Highlights

The company reported robust consolidated financial results for Q3 FY26, showcasing substantial growth across all major parameters:

On a standalone basis, the company maintained strong performance with revenue of Rs. 247.0 crore. Standalone EBITDA margins expanded significantly to 23.1% compared to 14.9% in the same period last year. Standalone profit after tax stood at Rs. 36.0 crore, registering growth of 57.6% YoY.

Strategic Product Mix Enhancement

The company's margin expansion was primarily driven by focus on higher-end products across diverse segments. Managing Director Puneet Khurana highlighted the strategic shift towards premium offerings in commercial vehicles, defense applications, and semiconductor industry segments. This diversified approach has contributed significantly to improved profitability during the quarter.

For the nine-month period ended FY26, standalone EBITDA margins stood at 17.3%, with management targeting sustainable margins of 15%-17% going forward. The company operates at approximately 75% capacity utilization across its manufacturing facilities.

Expansion and Growth Initiatives

International Operations

The company approved significant capex investments to strengthen its global footprint:

Domestic Capacity Enhancement

The Mundra facility has successfully commenced operations with one production line operational. The remaining two lines are expected to be established in the coming months, adding approximately 15% to overall capacity. The company has approved additional capex of Rs. 30 crore to strengthen capabilities at this facility.

Egypt Operations

The Egypt facility is progressing steadily and is expected to commence operations by May 2026. Management anticipates revenue of Rs. 50-60 crore in the first year, focusing on domestic demand while supporting regional market requirements.

Market Outlook and Performance Drivers

The commercial vehicle CNG segment showed notable recovery after a subdued period of two years. Management expressed optimism about the sustainability of this trend, citing improved CNG infrastructure, increased vehicle model availability from OEMs, and customer acceptance of fuel pricing dynamics.

The company has also entered the semiconductor segment, contributing to the improved margin profile. Type 3 composite cylinders represent a growing market segment, though contribution remains modest in the Indian operations currently.

Regional Performance Analysis

India operations remained the primary contributor to overall performance, supported by steady demand across CNG and industrial applications. The US operations continue to reflect order-driven business dynamics with healthy year-to-date progress. UAE operations remained subdued during the quarter, with management expecting breakeven in FY27 through improved market engagement.

Management targets overall growth of 15%-20% while maintaining current margin levels, supported by new capacity additions, strong order pipeline, and continued operational efficiency focus.